Facts & Figures

The Indian food and market is the world’s 6th largest

The Indian food retail market is expected to reach US$ 915 billion by 2020

The Indian gourmet food market is currently valued at US$ 1.3 billion and is growing at a CAGR of 20%

42 mega food parks being set up with an allocated investment of USD 2.38 billion

Indian food service industry is expected to reach US$ 78 billion by 2018.

Food industry accounts for approx. 31% of India’s consumption basket

The food processing industry contributes approx 14% of manufacturing Gross Domestic Product (GDP), 13%of India’s exports and 6% of total industrial investment

Government Initiatives

Some of the major initiatives taken by the Government of India to improve the food processing sector in India are as follows

  • The Government of India has set up a dairy processing infra fund worth US$ 1.2 billion
  • Union Budget 2016-17 proposed 100% FDI through FIPB in marketing of food products produced and manufactured in India
  • The Government of India is allowing up to 100% FDI in food product e-commerce through automatic route
  • FSSAI plans to invest approx. US$ 72.3 million to strengthen the food testing infrastructure in India

Facts & Figures

India is expected to be ranked among the top 5 business hospitality markets globally by 2030

Business travel spending in the country is expected to triple until 2030 from US$ 30 billion in 2016

Hospitality is among the top 10 sectors in India to attract the highest FDI

The hotel room requirement in India for another 2 to 3 years is 50,000, which comes in addition to the existing 1,30,000 rooms Pan India

Government Initiatives

The Indian government has realised the country’s potential in the hospitality industry and has taken several steps to make India a global hub.

In the Union Budget 2017-18, the Government of India announced some initiatives to give a boost to the hospitality sector by setting up of five special zones and infrastructure for the worldwide launch of the Incredible India campaign